Global X Uranium ETF (NYSEARCA:URA) Hits New 52-Week Low – What’s Next?

Global X Uranium ETF (NYSEARCA:URA) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $37.17 and last traded at $37.2760, with a volume of 1,457,550 shares trading hands. The stock had previously closed at $37.72.

Global X Uranium ETF Stock Performance

The company has a market capitalization of $5.02 billion, a P/E ratio of 37.39 and a beta of 1.27. The business’s fifty day simple moving average is $43.13 and its 200-day simple moving average is $46.04.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in Global X Uranium ETF by 19.0% during the second quarter. NewEdge Advisors LLC now owns 318,494 shares of the company’s stock valued at $13,918,000 after purchasing an additional 50,843 shares during the period. Quantinno Capital Management LP purchased a new position in shares of Global X Uranium ETF in the 1st quarter worth approximately $1,548,000. Virtu Financial LLC boosted its holdings in shares of Global X Uranium ETF by 313.2% in the 4th quarter. Virtu Financial LLC now owns 109,533 shares of the company’s stock worth $4,680,000 after purchasing an additional 83,023 shares during the period. Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of Global X Uranium ETF in the 4th quarter worth approximately $1,782,000. Finally, Innovative Advisory Group LLC purchased a new position in shares of Global X Uranium ETF in the 2nd quarter worth approximately $993,000.

About Global X Uranium ETF

The Global X Uranium ETF (URA) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of companies involved in uranium mining and the production of nuclear components. URA was launched on Nov 4, 2010 and is managed by Global X.